The EOS Blockchain Launch: What Should Happen

Upon the software's release, this group of block producers - which includes an unknown set of exchanges, crypto mining operations, consultancies and others - will first take a "Snapshot" of the EOS tokens to determine the quantity of EOS tokens that must migrate to users EOS wallets.

For users who have bought EOS tokens, this merely means that the block producers will verify that the balance of tokens at their new EOS address is the same as the previous balance of EOS tokens at their ethereum address.

One, EOS token holders can ensure that their tokens transfer by registering their ethereum addresses prior to June 2.

Upon the completion of the token verification process, a limited number of block producers will be appointed to test the blockchain prior to making it available to the public.

"What we're going to do is launch the mainnet together as a group, but we're going to freeze it so that no [token] transfers can happen yet," Dafeng Guo, co-founder of EOS Asia, a developer consortium specialized in the EOS blockchain, told CoinDesk.

Programming-literate token holders can vote via a command line interface, but less tech-savvy users will likely have to rely on crowdfunded projects like EOS Portal.

In other words, it is unlikely that the EOS blockchain will launch on mainnet, become public and allow users to undertake transfers all on the same day.

Still, Kyle Samani, managing partner at crypto investment fund and EOS investor Multicoin Capital, downplayed the potential for bugs to disrupt the launch.

While the prevalence of bugs remains to be seen, Rose and Guo said one likely outcome of the mainnet launch is the creation of mainnet "Clones" - or forks of the EOS blockchain created to steal users' tokens.

"Since there is no EOS mainnet yet, anybody who is trying to launch a clone at this moment is just taking advantage of the situation."